Econorisk offers a number of cyber cover options to protect you and your family against the risks posed by cybercriminals.
From hacking, malware, and cyber extortion to banking app losses, cyberbullying and identity theft, our digitally integrated lives are becoming more vulnerable to cyberattacks.
[MY]CYlution, underwritten by ITOO Insurance, is a Cyber Insurance Policy designed to protect your personal digital presence and footprint.
Personal cyber insurance is increasingly essential for individuals who rely on the internet, mobile banking, online shopping, and digital communication in their everyday lives. Whether you manage your finances online, store personal information on your devices, or use social media and e‑commerce platforms, you face real cyber risks that can result in financial loss, emotional distress, and legal exposure. Cyber insurance for individuals provides protection against theft of funds, identity theft, cyber extortion, and online fraud linked to shopping and online sales, as well as cover for data restoration and malware decontamination following a cyberattack.
It also extends to cyberbullying and cyber stalking, express kidnapping linked to digital crime, and network security, privacy and data breach liability - including liability arising from third‑party breaches. Econorisk’s personal cyber insurance solutions are designed to help individuals respond quickly to cyber incidents, recover financial losses, restore compromised data, and regain peace of mind in an increasingly connected digital world.
Speak to one of our risk advisors and enquire about how you can effectively protect yourself against the risks posed by cyber criminals. The more we understand your requirements, the better we can tailor cyber insurance cover that actually fits.
Our specialist brokers go to market on your behalf, comparing cyber insurance options across a panel of leading insurers to find the most appropriate cover at the most competitive premium for your specific cyber risk profile.
Once your cyber insurance cover is in place, our relationship doesn't end there. We're here to help with policy queries, renewals, and to guide you through the claims process if and when you need us most.
Personal cyber insurance is a specialist policy designed to protect individuals and families from the financial, legal, and emotional impact of cybercrime and digital threats. It provides cover for a wide range of cyber-related incidents, including theft of funds, identity theft, online fraud, cyber extortion, data loss or system damage, and privacy or data breach liability. As everyday life increasingly involves online banking, shopping, remote work, and social media, personal cyber insurance has become an important part of managing modern personal digital risk.
If you use online banking, make purchases online, store personal information on your phone or computer, use social media, or communicate digitally for work or personal reasons, you face cyber risk. South Africa is a high-target environment for cybercrime, and individuals are frequently targeted through phishing, malware, account takeovers, and social engineering scams. Personal cyber insurance is suitable for professionals, families, students, online shoppers, and anyone who relies on digital platforms in their daily life.
Identity theft insurance provides assistance and financial protection if your personal information — such as your ID number, banking details, or login credentials — is stolen and used fraudulently. Cover typically includes costs related to restoring your identity, such as legal assistance, credit monitoring, administrative expenses, and support in dealing with banks, credit bureaus, and insurers following identity fraud.
Yes. Theft of funds cover protects you against financial loss resulting from unauthorised electronic transactions, online banking fraud, payment app fraud, and social engineering scams where criminals trick you into transferring money. This type of cover is particularly important given the rise in phishing emails, fake payment requests, and compromised banking credentials in South Africa.
Cyber extortion occurs when criminals threaten to block access to your data, release personal information, or continue cyber harassment unless a ransom is paid. Personal cyber insurance can cover the costs associated with managing a cyber extortion incident, including expert support, negotiation assistance, and, where appropriate, ransom payments — as well as the costs of restoring your data or systems afterwards.
Yes. If your laptop, phone, or other personal device is infected with malware, ransomware, or a virus, personal cyber insurance can cover the cost of removing malicious software and restoring lost or corrupted data. This includes professional IT assistance to clean your devices, recover personal files, and help secure your systems against future attacks.
Yes. Personal cyber insurance can provide cover for losses resulting from online shopping fraud, non-delivery of goods, fake online sellers, or scams on ecommerce platforms and social media marketplaces. This is particularly relevant for individuals who regularly shop online, sell items through digital platforms, or make payments via apps and online portals.
Express kidnapping is a form of crime where victims are forced to transfer money electronically or withdraw funds under threat, often after criminals obtain personal or location information through digital means. Personal cyber insurance may include cover for financial losses linked to express kidnapping where cyber or electronic elements are involved, offering an additional layer of protection in an increasingly connected world.
This cover protects you if a failure in your personal network or device security results in a data breach that affects others. For example, if your hacked email account spreads malware or exposes someone else’s personal information, you may face legal or financial liability. Personal cyber insurance can cover legal defence costs, settlements, and related expenses arising from such incidents.
The cost of personal cyber insurance depends on factors such as the level of cover selected, the types of risks included, and your personal digital exposure. Compared to the potential financial and emotional costs of a cyber incident, personal cyber insurance is generally affordable and can be tailored to suit individual needs and household budgets.
Working with a specialist broker ensures that your personal cyber insurance is matched to your specific digital lifestyle and risk profile. Econorisk offers tailored personal cyber insurance solutions for individuals in South Africa and can guide you through the process, explain your cover options, and help you secure appropriate protection at a competitive premium.
Get in touch with our specialist team today and get peace of mind with cyber insurance cover.
